Georgia CommonsTítulo 33. INSURANCE · Capítulo 14. DOMESTIC STOCK AND MUTUAL INSURERS · Artículo 1. GENERAL PROVISIONS
33-14-5. Filing of application for charter; fee; approval or disapproval of charter.
Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.
El texto siguiente es la ley tal como la imprime el estado, en inglés.
- (a)
The application for charter with any and all exhibits that may be included with the application shall be filed in the office of the Commissioner of Insurance and a fee of $100.00 shall be paid to the Commissioner to be paid by him or her into the state treasury. The Commissioner shall not receive the application until the fee is paid.#
- (b)
Reserved.#
- (c)
The Commissioner shall approve or disapprove the application within 45 days of the date the application is received by the Commissioner.#
- (d)
The Commissioner shall examine the application to determine whether the charter, if granted, will enable the insurer to comply with the applicable insurance laws of this state; and, if the Commissioner finds that the charter, if granted, will enable the insurer to comply with the applicable provisions of law for carrying on the business for which incorporation is sought, the Commissioner shall issue under his or her hand and official seal a certificate approving the granting of the charter for such insurer and shall transmit a copy of the certificate of approval to the Secretary of State.#
- (e)
If the Commissioner finds that the proposed application for a charter does not comply with the law, or that the corporation, if organized, could not meet the requirements for a certificate of authority as set forth in this chapter or any other provision of this title, the Commissioner shall refuse to approve the application for charter and shall notify the incorporators in writing, as to his or her reasons for such failure to approve; and the Commissioner shall issue under his or her hand and official seal a certificate disapproving the granting of the charter for such insurer.#
History
Ga. L. 1893, p. 73, § 3; Civil Code 1895, § 2011; Civil Code 1910, § 2392; Code 1933, § 56-205; Code 1933, § 56-1505, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1982, p. 3, § 33; Ga. L. 2000, p. 1307, § 1; Ga. L. 2025, p. 652, § 3/HB 410, effective May 14, 2025.
Amendments
The 2025 amendment, effective May 14, 2025, in subsection (a), deleted “in triplicate” following “shall be filed” and substituted “fee is paid” for "fee shall be paid”; and substituted “Reserved.” for the former provisions of subsection (b), which read: “Immediately upon receipt of the triplicate copies of the application, with any and all exhibits included with the application, the Commissioner shall certify one of the copies of the application and deliver the same to the applicants and the same shall be published by the applicants once a week for four weeks in the newspaper in which is published the legal advertisements of the county where the principal office of the company is to be located. When the application with any and all exhibits attached to it shall have been published once a week for four weeks, the applicants may apply to the judge of the probate court of the county to certify the fact of such publication, which certificate shall be filed by the applicants in the office of the Commissioner of Insurance.”
Leer la página oficial (el PDF del estado, abierto en la página de la que se leyó este texto).
Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.
Texto leído de t33-ch1-22-(v24)-pdf.pdf, Volumen V24, edición 2020, suplemento de 2025, páginas 168 a 169; acción de fusión: replaced; SHA-256 del archivo 56140d876051.